In the letter dated Jan. 20, the retailer notified the employees at its Irvine, Calif., headquarters that the office will be permanently closing and all workers will lose their jobs.

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“Unfortunately, the company was unable to obtain the necessary capital or identify a strategic partner, and was recently informed that it will receive no further financing for its operations,” Vice President and General Counsel Michelle Stocker wrote in the letter.

In January 2015, Wet Seal closed 338 of their then-511 stores shortly before the company filed for bankruptcy protection. A Business Insider report cited a Wall Street analysis that said the downward spiral of sales was due to failed foot traffic and declining mall traffic.

The layoff notice comes following the announcement that American Apparel LLC and Limited Stores employees would lose their jobs due to bankruptcy filings.